A riverside apartment complex on the east bank of the Han River, between Song Han Bridge and Dragon Bridge
Capital Square
The whole site covers about 6.1 ha and is being developed as two subdivisions, Capital Square 2 (31,960 sq m) and Capital Square 3 (29,427 sq m), with 14 apartment towers in total rising from 24 to 29 floors depending on the subdivision.
The figure of 61,368 sq m circulating on many agency websites does not match the total area stated in the official documents, so the areas used here follow the figures issued by the authorities.
This is one of the few large remaining land banks in the established centre of Da Nang, sitting in the stretch between Song Han Bridge and Dragon Bridge.
In the market the towers are introduced under the commercial names Times Place, Victory Place and Broadway Place, following the earlier Kings Place, Queens Place and Hudson Place towers.
The Sales Gallery and show apartments opened on 30 May 2026, and Victory Place was launched more recently, on 22 August 2026.
About the developer. Capital Square 2 is developed by Mega Assets Co., Ltd and Capital Square 3 by SIH Real Estate Co., Ltd. The project is developed and marketed under the BRG brand; press reports note that the individuals and entities behind the two companies are connected to BRG Group, with SIH's capital coming from SIH Real Estate Pte., Ltd (Singapore) - so, in the absence of formal confirmation, they should not be understood as official member companies of BRG Group.
The land has a long development history: the first subdivision was the Azura apartment tower of the earlier Capital Square project, handed over back in 2012, and the development as a whole was restarted in 2024.
One practical legal point deserves attention: four land use right certificates for Capital Square 2 (CC 878201, CC 878202, CC 878196, CC 878200) have been mortgaged to SeABank since 11 November 2024, so, as required by the authorities, the developer must release the corresponding part of the project or the corresponding apartments from mortgage before signing sale and purchase agreements.
Buyers should ask to see the mortgage release document and the eligibility-to-sell notice covering the exact unit they have chosen before signing.
In addition, in December 2025 Da Nang City ordered construction of the Capital Square 3 subdivision to be suspended following a subsidence incident on Nguyen Cong Tru street; sales approvals were subsequently granted again during 2026, but actual construction progress should be checked directly on site.
Who is it for?
Third, foreign buyers, since the project sits on the list approved for sale to foreign organisations and individuals - a condition not every project in Da Nang can meet.
Prices also vary by tower, by floor and by view, and come with different early-payment discounts, interest support and management-fee incentives from one launch phase to the next. Happy Land provides the official price list for the latest phase, the developer's remaining inventory tower by tower, the current status of the foreign ownership quota and advice on payment plans - please get in touch for updated information.
📍 An Hai Ward (formerly An Hai Bac Ward, Son Tra District), Da Nang City
The project occupies a multi-frontage site on the Ngo Quyen - Tran Hung Dao - Nguyen Cong Tru axes in An Hai Ward (formerly An Hai Bac Ward, Son Tra District), Da Nang City.
This is the east bank of the Han River, in the stretch between Song Han Bridge and Dragon Bridge - an established central part of Da Nang with completed infrastructure, not a new growth area.
The An Hai area today concentrates hotels, offices, schools and medical facilities, and is where the community of foreign professionals working in Da Nang typically chooses to rent.
Following the administrative reorganisation effective 1 July 2025, An Hai Ward was formed from the three former wards of Phuoc My, An Hai Bac and An Hai Nam.
East bank of the Han River, with multiple frontages on Ngo Quyen - Tran Hung Dao - Nguyen Cong Tru, in the stretch between Song Han Bridge and Dragon Bridge
The developers are Mega Assets Co., Ltd (Capital Square 2) and SIH Real Estate Co., Ltd (Capital Square 3); the project is developed and marketed under the BRG brand
The Sales Gallery and show apartments opened on 30 May 2026; towers currently on the market include Times Place, Victory Place and Broadway Place
Legal note: four land use right certificates held by Mega Assets (CC 878201, CC 878202, CC 878196, CC 878200) have been mortgaged to SeABank since 11 November 2024 and must be released from mortgage before individual units are sold - buyers should check the mortgage release document and the eligibility-to-sell notice before signing the sale and purchase agreement
As a condominium project, it is subject to the foreign ownership cap of a maximum 30% of the apartments in each building under the 2023 Law on Housing.
Both the Capital Square 2 and Capital Square 3 subdivisions have been published by the Da Nang City authorities on the list of projects in which foreign organisations and individuals are permitted to own housing.
The figure of about 512 units for Capital Square 3 appears only in agency sources and does not match the data given in the official documents, so it should be treated as indicative only.
The number of units still available within the foreign quota varies from tower to tower and must be confirmed by the developer at the time the sale and purchase agreement is signed.
Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
Capital Square Đà Nẵng is currently selling now. Expected handover: According to agency announcements, the first towers are expected to be handed over from Q1 2027; towers launched later (Victory Place, MAT 7) will follow later - progress needs to be confirmed tower by tower (indicative). Contact Happy Land for the latest construction progress and available units.
Availability on request Eligibility: ask
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